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    Home > Chemicals Industry > New Chemical Materials > February 23 copper market afternoon review

    February 23 copper market afternoon review

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Copper market noon comment: global economic recovery is in sight, overnight London copper closed up nearly 2% above $9,000, the new energy industry is developing rapidly, demand growth in the next few years may exceed supply growth, copper is rising
    today.

    Copper City

    State Council: Increase the proportion of renewable energy utilization and vigorously promote the development of
    wind power and photovoltaic power generation.
    The ECB's QE program bought a net €5.
    245 billion in assets in the week ended February 19, compared with €5,863 million the week before, and sold €152 million in asset-backed securities purchase programme assets, up from €4 million last week
    .
    This week, the European Central Bank made a net withdrawal of funds, the euro soared, and the dollar yuan fell
    .
    Market sentiment remained high, with non-ferrous metals pulling back and mostly rising
    .

    Overnight, London copper once rose to a new high of 9269.
    5 before retreating to close the small white candle with a long upper lead, closing at $9113.
    5, and U.
    S.
    copper opened
    slightly lower today.
    Shanghai copper yesterday up limit, night trading low, a new high after falling back to close Xiaoyang, basically closed, closed at 67320.
    Shanghai copper trading positions are rising, macro fundamentals support, market sentiment is better, copper prices may continue to be strong in the medium term, there is a need
    for adjustment after short-term rapid rise.
    Shanghai copper upper pressure 70000, lower support 60000
    .
    Today's international copper fell to 311 points compared with Shanghai copper, and the internal market sentiment was stronger
    this week.

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